Hunter Keay News
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Doug Parker, returning to the carrier where he began his career, has a vision: He sees American Airlines vaulting to the top of the industry’s major financial benchmarks just three years after the merger he orchestrated with US Airways Group Inc.
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Virgin America Inc., the low-fare airline partly owned by Richard Branson, will trim capacity by 3 percent in the first quarter and is offering voluntary short- term leave to employees to cut costs, citing a weaker outlook.
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American Airlines parent AMR Corp. risks losing control of its ability to exit bankruptcy as an independent carrier after three possible suitors emerged within two months of its Chapter 11 filing.
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Doug Parker was snubbed three times as a merger partner in deal-making that produced the world’s biggest airlines. Taking over AMR Corp. may be his last chance to break into the top tier of U.S. carriers.
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United Continental Holdings Inc. plans to cut 1,300 jobs and some service at Houston’s main airport after the city backed Southwest Airlines Co.’s bid to start international flights from a secondary facility.
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U.S. airlines may have to cut back on flying as the slowing economy erodes their ability to boost fares while they struggle with higher costs for jet fuel.
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A U.S. airline stock index fell for the eighth straight day, its longest slide in two years, after United Continental Holdings Inc. posted a quarterly profit that missed analysts’ estimates.
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US Airways Group Inc. ended merger talks with UAL Corp.’s United Airlines, a sign that discussions may be intensifying on a tie-up between United and Continental Airlines Inc.
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Southwest Airlines Co., the discount carrier with the “Bags Fly Free” slogan, forecast $100 million in annual revenue from fee changes that will include the first charges for no-shows on flights and premium boarding positions.
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AMR Corp.’s $4.1 billion in cash, the most ever for a U.S. carrier entering bankruptcy, may help the parent of American Airlines preserve its independence.
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